South Africa Spinal Implants And Devices Market Size & Outlook
South Africa spinal implants and devices market, 2018-2030 (US$M)
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South Africa spinal implants and devices market highlights
- The South Africa spinal implants and devices market generated a revenue of USD 162.8 million in 2023 and is expected to reach USD 249.5 million by 2030.
- The South Africa market is expected to grow at a CAGR of 6.3% from 2024 to 2030.
- In terms of segment, spinal fusion devices was the largest revenue generating product in 2023.
- Vertebral Compression Fracture Treatment Devices is the most lucrative product segment registering the fastest growth during the forecast period.
Spinal implants and devices market data book summary
| Market revenue in 2023 | USD 162.8 million |
| Market revenue in 2030 | USD 249.5 million |
| Growth rate | 6.3% (CAGR from 2023 to 2030) |
| Largest segment | Spinal fusion devices |
| Fastest growing segment | Vertebral Compression Fracture Treatment Devices |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Spinal Fusion Devices, Spinal Biologics, Vertebral Compression Fracture Treatment Devices, Non-fusion Devices, Spinal Bone Growth Stimulators |
| Key market players worldwide | Medtronic PLC, Johnson & Johnson, Stryker Corp, NuVasive, Zimmer Biomet Holdings Inc, Globus Medical Inc Class A, Alphatec Spine, Orthofix Medical Inc, Ulrich Medical USA, B. Braun, RTI Surgical - cardiothoracic closure, SeaSpine |
Other key industry trends
- In terms of revenue, South Africa accounted for 1.2% of the global spinal implants and devices market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, South Africa spinal implants and devices market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 249.5 million by 2030.
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Spinal Implants And Devices Market Scope
Spinal Implants And Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Africa spinal implants and devices market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to spinal implants and devices market will help companies and investors design strategic landscapes.
Spinal fusion devices was the largest segment with a revenue share of 60.26% in 2023. Horizon Databook has segmented the South Africa spinal implants and devices market based on spinal fusion devices, spinal biologics, vertebral compression fracture treatment devices, non-fusion devices, spinal bone growth stimulators covering the revenue growth of each sub-segment from 2018 to 2030.
South Africa is characterized with the presence of certain supportive factors contributing toward the development of spinal implants and spinal devices market. Key factors include favorable initiatives undertaken by the South African Spine Society, presence of leading healthcare providers operating in this country, and the increasing scope for medical tourism.
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Target buyers of South Africa spinal implants and devices market databook
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Our clientele includes a mix of spinal implants and devices market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the South Africa spinal implants and devices market , including forecasts for subscribers. This country databook contains high-level insights into South Africa spinal implants and devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa spinal implants and devices market size, by product, 2018-2030 (US$M)
South Africa Spinal Implants And Devices Market Outlook Share, 2023 & 2030 (US$M)
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